|Top Country||United States|
More Info About Exchange
Bittrex used to be one of the best exchanges in the crypto space, a lot has changed since then. It's still one of the most recognizable and trusted exchanges but it's far from the #1 spot.
I remember when I first signed up on Bittrex in December 2017 they used to have around $300-400 million traded daily volume. Today it's around $30-50 million.
It's said because Bittrex in my opinion is a very good exchange, it's one of the most secure crypto exchanges out there, it has hundreds of altcoins you can pick from and much more awseome features.
Where did Bittrex come from?
Bittrex was founded in 2014 in Seattle, Washington by 3 of the greatest security experts in the world who combined have more than 50 years of experience in security and development for companies like Microsoft, Amazon, Qualys and Blackberry.
The Founders of Bittrex:
Bill Shihara, Co-Founder and CEO
Bill is Co-Founder and CEO of Bittrex. He was previously a Security Engineering Manager at Amazon, and he also served as the Manager of Security Threat Analysis and Security Engineering at BlackBerry. At BlackBerry, Bill drove the anti-malware and security automation strategy for the BlackBerry ecosystem to help protect customers from emerging and known threats. Prior to his position at BlackBerry, he spent 11 years at Microsoft working on the Windows Operating System and the Trustworthy Security team.
Richie Lai, Co-Founder and Chief Information Officer
Richie is Co-Founder and Chief Information Officer of Bittrex. He previously served as a leader in the Amazon Information Security Team. In this role he managed a global 24/7 Security Operations Center responsible for Security Operations, Incident Response, External Threat Intelligence, Advanced Monitoring and Analysis, Vulnerability Management, Application Security as well as a development organization that supported all these efforts. Prior to joining Amazon, Richie spent 12 years at Microsoft building up their security engineering and Internet crimes division.
Rami Kawach, Co-Founder and Chief Technology Officer
Rami is Co-Founder and Chief Technology Officer of Bittrex. Prior to Bittrex, he served as a Principal Security Engineer at Amazon, managing a wide variety of security issues. Rami also previously served as the Director of Engineering at Qualys, where he was the architect of their next generation vulnerability management solution and malware detection system. Prior to Qualys, he spent 10 years at Microsoft where he led multiple projects, including Microsoft’s botnet monitoring and mitigation efforts.
As you can see this is the reason why Bittrex is such a secure exchange. Their main goal is to provide a safe, lighting speed environment for everyone in the crypto space.
Why should you use Bittrex?
Apart from the security aspect of Bittrex there is actully a lot of cool features that put Bittrex above other exchanges.
Another reason you should use Bittrex is because of its lighting speed engine. They provide one of the fastest deposits and withdrawals in all avaiable exchanges. Bittrex also uses something called "elastic computing" which in simple terms means, they're able to process trades as soon as they happen without any delays.
Unline an exchange like Binance which gets very laggy very often, it's not a problem on Bittrex. I've been using Bittreex myself for over 9 months now and I never notices a single lag on their website, where as on Binance it happens all the time and it often makes me miss some trading opportunities.
Bittrex also provides you with over 250+ altcoins you can trade. Anything from huge marketcap coins such as bitcoin, ethereum or litecoin to only a few million dollar marketcap coins freshly added to the crypto market. This allows you to easily invest in those new and undervalued projects which can make you huge retuns on your investments if chosen correctly.
Bittrex has a very nice and advanced charting system. They offer a wide variety of tools and indicators for the beginners also as the experts.
The charts have a generous number of indicators, with 103 studies available. Complementing these indicators are 18 drawing tools and 12 chart types.
There is also a social sharing feature for charts that makes it easy to publish a snapshot of the chart online.
A cool feature bittrex has is that it saved your charts and indicators so if you log out or switch the chart to a different asset and come back to it later all the drawings you did on a chart will still be there which is very helpful.
Bittrex allows Fiat to Crypto exchange - New feature
On May 31st 2018 Bittrex surprised everyone by adding a fiat to crypto exchange on their platform. They stated that they started to work with US banks in order to provide their customers with an easy way to purchase cryptocurrencies using their fiat money.
As of the time of writing this article Bittrex only allows you to purchase Bitcoin, Tether, Ethereum, XRP, Ethereum Classic and TrueUSD using USD, your deposited fiat money will automatically be converted to the USD.
There is no point for me to go into much details about how their fiat deposits work or how you use them because Bittrex has written a very detailed article on how you can deposit, withdraw and trade using fiat and what you need to do in order to enable this feature for your account. You can check out this article here: Fiat (US Dollar) Trading, Deposits and Withdrawals
Pros & Cons
|One of the most secure exchanges||Slow customer support|
|Allows fiat to crypto exchange||Low volume compared to other exchanges|
|They are working on a new trade engine that will allow margin trading||No mobile app|
|Very fast exchange||Often used for pump and dumps|
|Lot of altcoins to choose from|
|Very fast verification process|